Investor's Business Daily highlights Wayne Crews's research on last-minute federal regulations from the Obama administration.
As he heads for the exits, Obama is engaged in a frenzy of regulation, intended to hamstring American businesses and reward green groups and unions. But while the pace has picked up recently, it's really nothing new.
As Paul Bedard of the Washington Examiner has noted, Obama's “lame duck administration poured on thousands more new regulations in 2016 at a a rate of 18 for every new law passed,” citing a new study by Clyde Wayne Crews of the Competitive Enterprise Institute.
Yes, Congress passes many of the laws that make these regulations possible. In 2016, Congress passed 211 laws, which is pretty impressive given that the House was only in session for about 111 days.
Even so, Obama's bureaucracy in 2016 laid on another 3,852 new federal regulations, without any input from Congress, adding billions of dollars of cost to U.S. businesses and consumers. At year-end, the Federal Register totaled 97,110 pages — up from 80,260 just last year. It's a massive tidal wave of new regulation and, economists agree, a major reason why the economy continues to struggle.
Read the full article at Investor's Business Daily.